Oil prices gained as much as 1 percent with analysts offering further support; expecting a decline of 1 million barrels of U.S. oil supplies from 363.2 million last week. Oil inventories have not fallen nationwide for two consecutive weeks since January.
Articles Tagged "output"
The government has received $510,000 as its share of profit petroleum on commercial production of the Krishna-Godavari (KG) block crude oil for seven months. For full story, click here
Xinhua declared that China’s crude oil output hit 93.49 million tonnes in the H1 a decrease of 1%YoY. For full story, click here
Ecuador’s average oil output slipped 3% to 499,000 barrels a day in the first four months of 2009 from 514,000 barrels a day in the same period of 2008. For full story, click here
U.S. oil major Chevron Corp. commenced crude oil output at its Frade prospect in Brazil, marking a significant milestone as foreign companies start to ramp up output in Latin America’s most-promising oil frontier. For full story, click here
U.S. crude oil futures surged on Thursday, pushed to a 2009 peak above $64 a barrel by better-than-expected economic indicators and OPEC leaving output steady ahead of government oil inventory data. For full story, click here
Nation’s crude oil output slipped 3.1 per cent in April to 2.73 mn tonnes due to a dip in output from Oil and Natural Gas Corporation’s prime Mumbai High oil and gas fields. For full story, click here
Crude oil output by LukOil Group surged by 3.2 percent y-o-y to 1.976 million barrels per day. For full story, click here
Nigerian crude oil output was around 1.6 million barrels per day excluding condensate before the latest Niger Delta unrest late last week. For full story, click here
State-owned Oil India Ltd, or OIL is expecting net profit to surge almost 12% to Rs2,000 crore for the fiscal ended 31 March on record crude oil output. For full story, click here